RE:Shrm price You're correct, 10M shares were sold at a loss, before the end of last year. Investors thought SHRM would never come back so best to sell, for nothing, to the broker and be able to claim a capital loss.
Share Cancellation
'In addition, effective April 12, 2021 , the Company received voluntary contributions of capital from existing shareholders, resulting in the cancellation of 9,780,000 Common Shares. The total number of Common Shares outstanding is consequently reduced from 177,290,212 to 167,510,212 Common Shares.'
I think these 10M cancelled shares were pursuant to the brokers (eg. TD Waterhouse) policy of allowing a donation of halted shares at the year end in order to be able to claim a capital loss.
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'Other possible ways to realize a loss on worthless securities
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Gift the shares to a family member (other than a spouse) and claim the loss.
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Check with your financial institution to see if there is a procedure for clients to remove delisted and near worthless investments. Many financial institutions will purchase the security from the client for a nominal price (e.g. $0.01) and charge a nominal fee with a view to having the sale net the client a zero balance proceeds. This allows the client to use the transaction slip from the sale for tax purposes.
It is important to understand the potential downside of utilizing this procedure: if the “worthless security” ever revives itself and becomes re-listed and tradable, you would have given up all ownership rights by selling the shares to the financial institution.'